Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Canadian banks assess Hurricane Irma damage, brace for more Sep 9th
Bank of Nova Scotia, CIBC, RBC shutter branches, work with aid groups as fearsome hurricane rips up Caribbean
.... More »
Rake In The Savings! + MORE Oct 3rd
In the blink of an eye, October has arrived – and with it, the start of holiday spending season. But before shelling out for a turkey and prepping for winter presents, why not take the time to get set up for savings?
Today’s mega low interest rates may take a bite out of the most diligent s.... More »
June Mortgage Rate Wars – Just Heating Up? + MORE Jun 4th
Lenders to continue competitive discounting tactics through summer months
June 4, 2014: Toronto, Ontario - There’s nothing lukewarm about lenders’ efforts to stay competitive in this spring’s mortgage market. Rate discounting battles have risen with the mercury, providing buyers with a slew o.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Oct 27th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Advertisement
Why trust us
MoneySense is an.... More »
What Happened To My Student Bank Rates? + MORE May 27th
By Derek Nicholson
Student bank accounts offer up great savings for those who need it most, providing most commonly used bank features at a discount – and often with no monthly fees at all.
In order to acquire a discounted student bank account, your bank will require you to provide proof of .... More »
Reasons why Flaherty was both a great and not-so-great finance minister
– canadianbusiness.com
OTTAWA – History will judge Jim Flaherty highly.
Economists in the private sector and in academia agree that the impish lawyer from Main Street — working-class Whitby, not tony Rosedale — should be judged as one of the most important and best finance ministers in the country’s history.
Being Canada’s third-longest serving finance minister made him notable; navigating one of the most serious financial crises of the past six decades — and reaching calmer waters ahead of his peers — puts him in elite company.
But no one who held the role for eight years, most of them in a minority government, could avoid the odd slip-up — and Flaherty was no exception.
Based on interviews with private-sector economists and academics, here are the Top 5 reasons Flaherty should be considered among Canada’s best three finance ministers of the post-Second World War era, as well as his five most glaring missteps.
Handling of the 2008-09 crisis. Canada’s recession was shallower than in other G7 nations, and the recovery came faster and stronger, thanks in part to Canada’s stronger fundamentals — robust banks and a government in surplus…
Economists in the private sector and in academia agree that the impish lawyer from Main Street — working-class Whitby, not tony Rosedale — should be judged as one of the most important and best finance ministers in the country’s history.
Being Canada’s third-longest serving finance minister made him notable; navigating one of the most serious financial crises of the past six decades — and reaching calmer waters ahead of his peers — puts him in elite company.
But no one who held the role for eight years, most of them in a minority government, could avoid the odd slip-up — and Flaherty was no exception.
Based on interviews with private-sector economists and academics, here are the Top 5 reasons Flaherty should be considered among Canada’s best three finance ministers of the post-Second World War era, as well as his five most glaring missteps.
Handling of the 2008-09 crisis. Canada’s recession was shallower than in other G7 nations, and the recovery came faster and stronger, thanks in part to Canada’s stronger fundamentals — robust banks and a government in surplus…
Rajan rolls out red carpet for foreign banks in India
– theglobeandmail.com
The former IMF chief economist is trying to use foreign banks as a wedge to foster innovation and small-business lending
